Saxo’s Outrageous Predictions for 2022 include a rain check on ESG fundamentalism holding back fossil fuel investments necessary to enable energy transition to new reliable renewable sources. It’s one of these things that has to happen, or else energy instability will crush economies.
Its “Freedom Day” in the UK, but it feels same as, same as. Bond markets look stressed, but freak weather is raising the probability government intervention dwarfing the scale of the pandemic may become necessary. There will not be a gradual, ordered progression to a new higher temperature climate. Instead… the reality looks like high-cost chaotic freak-weather events becoming increasingly common. The cost could hit trillions.